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asset-stripping

British  

noun

  1. commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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One campaigner - who contacted BBC Scotland News but declined to be named - said the ongoing development amounted to "asset-stripping a nature site".

From BBC May 3, 2026

Owners Colin Goldring and Jason Whittingham have been accused of asset-stripping the Warriors, whose men’s team has been in the Premiership since 2015.

From Seattle Times Oct. 12, 2022

Mr Browder rightly assumed that he had overstepped the mark in his lambasting of Russian tycoons for corruption and asset-stripping.

From Economist Jan. 29, 2015

He portrayed himself as a legitimate multi-millionaire businessman when in fact he was a bankrupt who made his living by asset-stripping companies which were in financial difficulty.

From BBC May 17, 2013

It's all a far cry from Gekko's heyday of asset-stripping.

From The Guardian Oct. 4, 2010

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